Pittsburgh loans

BIPOC entrepreneurs tend to bootstrap or seek grants and high interest rate loans, which are highly competitive and short-term. Go-to market capital is almost non-existent for BIPOC people. RCI seeks to bridge this knowledge gap and provide a structure that allows stakeholders to invest directly into BIPOC communities. RCI hosts the Kiva Pittsburgh Hub which is a partnership with Kiva, an international nonprofit organization. Kiva Pittsburgh brings Kiva’s unique crowdfunded micro-loans ($1,000 – $15,000) to small business owners who may not otherwise have access to capital due to the entrepreneur’s length of time in business, poor or short credit history, or innovative business type or model. Financial inequity can happen anywhere, including underserved communities, and Kiva’s 0% interest, no-fee loans make capital accessible and affordable.